What is semiretirement salary in SAP ORG-LX-T9N - Team: Corporate Translation?

SAP Term: semiretirement salary

• Component: ORG-LX-T9N

• Component Name: Team: Corporate Translation

• Description: The fixed payment made by the employer during the employee's semiretirement.

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• Key Concepts: 
  Semiretirement salary is a type of salary that is paid to employees who are transitioning from full-time employment to part-time employment. This type of salary is typically lower than the employee's full-time salary, but it allows them to maintain a steady income while they transition to part-time work. 
  
  How to use it: 
  Employers can use semiretirement salary to help employees transition from full-time to part-time work. This type of salary can be used as an incentive for employees who are considering retirement, or as a way to retain valuable employees who may be considering leaving the company. 
  
  Tips & Tricks: 
  When setting up a semiretirement salary, employers should consider the employee's current salary and the amount of time they will be working in their new role. Employers should also consider the employee's age and experience when determining the amount of semiretirement salary they will offer. 
  
  Related Information: 
  Semiretirement salary is similar to phased retirement, which is another type of retirement plan that allows employees to gradually transition from full-time work to part-time work. Employers should consult with their legal team before setting up either type of retirement plan.